Here is what you need to know on Thursday, December 19: Following the Federal Reserve’s (Fed) and the Bank of Japan’s (BoJ) monetary policy announcements, the Bank of England (BoE) is next in line to...
Browsing: Markets analysis
The Dow Jones is trading sluggish on Monday, stuck near 43,800. Markets await what is broadly anticipated to be the Fed’s last rate cut of 2024. Increases in telecoms and retail stocks have offset declines...
WTI crude oil recently busted through its descending triangle top, hinting that a rally of the same height as the formation is due. Price is still retesting the former resistance, which might now hold as...
Is gold about to break out soon? I’m seeing a fresh triangle consolidation pattern forming on its 4-hour chart, with price currently testing support. Gold (XAU/USD): 4-hour Gold prices have formed higher lows and hit...
GBP/USD retreats on Friday after the release of US Retail Sales leads to an appreciation of the US Dollar. Weak UK GDP growth data further adds to negative fundamentals to the pair and clouds the outlook. Some...